0001829126-26-004881
SEC filingRichard Saldanha resigned from the Board of StoneBridge Acquisition II Corporation effective May 8, 2026, with no disagreements, resulting in forfeiture of his 25,000 unvested Class B Ordinary Shares back to the Sponsor.
The resignation of director Richard Saldanha effective May 8, 2026, reduces the Board size without any disclosed disputes, signaling stability in governance. The forfeited 25,000 Class B Ordinary Shares, originally granted on February 5, 2026, by the Sponsor for his service, were conditioned on continued tenure through the initial business combination, aligning director incentives with the SPAC's de-SPAC milestone. Investors should note this does not impact ongoing operations but may affect Board expertise ahead of potential business combination activities.